- It helps in Achieving Group Goals -
It arranges the factors of production, assembles and organizes the
resources, integrates the resources in effective manner to achieve
goals. It directs group efforts towards achievement of pre-determined
goals. By defining objective of organization clearly there would be no
wastage of time, money and effort. Management converts disorganized
resources of men, machines, money etc. into useful enterprise. These
resources are coordinated, directed and controlled in such a manner that
enterprise work towards attainment of goals.
- Optimum Utilization of Resources - Management
utilizes all the physical & human resources productively. This leads
to efficacy in management. Management provides maximum utilization of
scarce resources by selecting its best possible alternate use in
industry from out of various uses. It makes use of experts, professional
and these services leads to use of their skills, knowledge, and proper
utilization and avoids wastage. If employees and machines are producing
its maximum there is no under employment of any resources.
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